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Sunday, June 20, 2021

GBPUSD Analysis June 20, 2021

GBPUSD Analysis June 20, 2021

On the weekly timeframe we can clearly see that price closed last week with a bearish candle that had no wick at all. As we put on our key level of support I am expecting a sell off into the 1.3200 level.

snapshot
On the h4 timeframe we are currently retesting a major level of support. If price manages to break below here I will continue to short this pair on the lower timeframes. If price manages to break above then I will look to short once price reaches the 1.39200 level.
snapshot


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